Mortgage rates drop to lowest since mid-December, but demand still falls short

• Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast

  The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.
  
  CNBC - 1d

• Bitcoin drops to lowest price in 3 months

  Bitcoin has dropped to its lowest price in three months as the Trump administration embraces cryptocurrency. CBS MoneyWatch correspondent Kelly O'Grady reports.
  
  CBS News - 19h

• Mortgage rates stay under 7%. Should you buy a home now?

  Today's mortgage rates are higher than they were a few years ago, but it could still be smart to buy a home now.
  
  CBS News - 17h
• 

  UK budget surplus for January falls short of expectations

  Figures come as chancellor struggles to revive the economy, with business survey showing activity is stalling
  
  Financial Times - 5d
• 

  Consumer confidence plummets in largest drop since 2021

  A gauge of consumer confidence registered its largest monthly drop since 2021.
  
  ABC News - 22h

• Consumer confidence has biggest drop since 2021

  U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years. Kelly O'Grady explains.
  
  CBS News - 14h

• Lower mortgage rates may tempt home buyers. But these fast-rising phantom costs could sneak up on them.

  Mortgage rates are down to a nearly three-month low. But if you’re thinking of buying a home, beware of these hidden costs.
  
  MarketWatch - 4d

• Where did the home buyers go? 7% mortgage rates sap any remaining energy from the housing market

  Home buyers are still struggling with affordability, the National Association of Realtors said.
  
  MarketWatch - 4d

• Details on Luigi Mangione's first court appearance since December

  The suspect in the murder of UnitedHealthcare CEO Brian Thompson, Luigi Mangione, will be back in a courtroom Friday for the first time since December. CBS News national correspondent Nikki ...
  
  CBS News - 4d

More from CNBC

• Amazon unveils long-awaited Alexa revamped with AI features

  Amazon has been working for years to overhaul Alexa with generative AI features as it faced rising competition from OpenAI's ChatGPT and other chatbots.
  
  CNBC - 18m

• Eli Lilly plans at least $27 billion in new U.S. manufacturing investments

  It comes as companies work to build goodwill with Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains.
  
  CNBC - 1h

• Super Micro Computer shares surge 16% after company files delayed financials by deadline

  Super Micro also filed results for the first two quarters of the fiscal 2025 year and said it has "regained compliance" with Nasdaq requirements.
  
  CNBC - 20m

• TJ Maxx parent company posts strong holiday quarter, but issues weaker-than-expected guidance

  The company behind T.J. Maxx, Marshall's and HomeGoods has seen growth start to slow down, but it's one of the few retailers that could benefit from tariffs.
  
  CNBC - 53m

• GM raises quarterly dividend, initiates $6 billion stock buyback

  General Motors said Wednesday that it is raising its quarterly dividend and initiating a new $6 billion share repurchase program.
  
  CNBC - 1h

More in Business

• Lowe's beats Wall Street expectations as it starts to break out of sales slump

  Lowe's followed rival Home Depot in reporting better-than-expected quarterly sales.
  
  CNBC - 17m

• Amazon unveils long-awaited Alexa revamped with AI features

  Amazon has been working for years to overhaul Alexa with generative AI features as it faced rising competition from OpenAI's ChatGPT and other chatbots.
  
  CNBC - 18m

• Super Micro Computer shares surge 16% after company files delayed financials by deadline

  Super Micro also filed results for the first two quarters of the fiscal 2025 year and said it has "regained compliance" with Nasdaq requirements.
  
  CNBC - 20m

• Ukraine and U.S. agree to draft deal on critical rare minerals

  Ukraine and the United States have prepared a draft deal over access to Kyiv's deposits of rare earth minerals, officials said Wednesday.
  
  CNBC - 22m

• Munich Re announces buybacks even after saying it expects $1.2 billion in claims from California fires

  Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook, despite announcing hefty expected claims from California wildfires.
  
  MarketWatch - 31m